EBRD allocated 10 million euros grant to Ukrenergo.
02.11.2024
2023
Journalist
Shostal Oleksandr
02.11.2024
2023
EBRD allocated 10 million euros grant to Ukrenergo
The European Bank for Reconstruction and Development (EBRD) provided a grant of 10 million euros to the company Ukrenergo to support its liquidity.
"NEC "Ukrenergo" received a 10 million euros grant from the EBRD. The funds will be used to cover the company's critically important operational expenses and ensure its liquidity. The agreement was signed by the acting Chairman of the Board of the company Oleksii Brekht and Director of Energy Department in Europe EBRD Grzegorz Zielinski", - stated representatives of Ukrenergo.
It is noted that the EBRD provides significant support to the company even in difficult wartime. Previously provided grants and loans were used for restoring the transmission system network and purchasing expensive equipment, particularly autotransformers.
Meanwhile, the EBRD also finances works on equipping passive protection at important substations of Ukrenergo.
Read also
- NATO has committed to spending 5% of GDP on defense and recognizes Russia as a long-term threat: what it means for Ukraine
- The enemy is intensifying assaults on the Defense Forces' positions in the Vovchansk and Lyptsi areas
- The area of mined territories in Ukraine has decreased by 20%
- Attacks by enemy drones: why the effectiveness of air defense has halved
- AI Against Mines: Ukrainian Development Mines Eye Changes the Rules of Demining
- Military Registration: Which Regions Are Breaking Records for the Number of Fines from TCC?
